The issue of the taxability of educational institutions regarding their incomes from investments or income from properties and other sources has been controversial since long.... Read More
Income Tax
I own a plot of land purchased from my own income and i wish to give it to one of my two sons. Please advice: Which is better: A will or gift deed?
Before suggesting any solution, it would be important to know what exactly gift deed or will is. Transfer of property made voluntarily without any consideration... Read More
Penalties for tax evasion
2 min read
Tax evasion as an offence: Tax evasion is an illegal act which occurs for failure to file income tax return or altering the tax amount... Read More
Filing of Income Tax Return without paying Self Assessment Tax makes it defective
Present provisions of section 139(9) of the Income Tax Act: The present provisions of section 139(9) of the Income Tax Act contain the conditions the... Read More
Rules Relating to Gift Tax in India
2 min read
Your mother transferred an amount of money to your bank account for helping you for a certain reason. Have you ever thought that is there... Read More
Penalties for Having a Fake or Duplicate PAN Card
Presently, there are more than 12 lakh duplicate PAN (Permanent Account Number) card holders existing in our country. Though the government denies the allegations of... Read More
Capital gains tax rates
2 min read
Depending upon the type of capital assets you have made investment in the tax rates of your capital gains are decided. There are few investments... Read More
Permanent Account Number- How to Acquire Application Form for Duplicate PAN Card
Permanent Account Number (PAN) Card is an ID card issued to the Indian citizens by the Indian Income Tax Department. This PAN Card has got... Read More
NRI liable to pay Income Tax on the income earned in India
According to the Income Tax Act, 1961 a non-resident Indian is defined as any person who is an Indian citizen or a person having an... Read More
To What limit can you hold Gold at Home-Taxation on Sale of Gold 
Common mistakes people make after a criminal charge 
Claimimg TDS Credit in Previous year while deductor deposited in subsequent year- Use of Form 71- Its benefits and Limitations 
Discovered some mistake after filing Income Tax return?- Understand the rectification process of Return to escape Penalties